Idaho Refrigeration has these account balances at December 31, 2025: 

Requirements 

1. Calculate Idaho Refrigeration’s current ratio. 

2. How much in current assets does Idaho Refrigeration have for every dollar of current liabilities that it owes?

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Notes Payable, long-term Prepaid Rent Salaries Payable Service Revenue Supplies Accumulated Depreciation-Equip. Advertising Expense $ 7,800 2,300 3,000 10,400 500 2,000 800 Accounts Payable Accounts Receivable Cash Depreciation Expense-Equip. Equipment Common Stock Rent Expense $ 3,700 5,700 3,500 1,000 15,000 3,100 1,200